The purpose of the 7 Daily Nuggets is to teach us what we need to know to live a prosperous life; the things that we may not have learned or are not currently learning in church, school, home or at work. Let’s apply what we learn here and share these nuggets with others. We make a living by what we get; we make a life by what we give. Be a giver in a world of takers.
The information age brought to us a high speed of change. It also brought, like any other economic age, the good, the bad, and the ugly. We now have massive amounts of information at our finger tips.
Let’s look at the bad and the ugly first.
The difficulty with excess information is how to separate the 10% good information from the 90% bad information. Imagine the tsunami of bad information out there! It is extremely important to get the right information. The right information leads to the right thinking, the right actions, and the right results. We all want great results in life!
The information age fed to our egos for the instant gratification, the microwave thinking, and the something for nothing mentality. It also brought the age of distraction, the superficial thinking. The info age also sped up the economic bubbles. We have survived the internet bubble, the real estate bubble, and the financial bubble. Many other bubbles are on the horizon, bubbles yet to burst like the personal and government debt bubbles, the dollar bubble, and the student loan bubble. Enough of bad and ugly now let’s look at some great things that came out of the information age.
1. The rise of entrepreneurship. The availability and low cost of technology allows anyone with a dream to build a business. Technology has become an enabler for entrepreneurs. Connectivity empowers likeminded entrepreneurs to share vital information to build their lives and their businesses.
2. The vital role of leadership. A fast changing and chaotic world needs better leaders. We have seen more than ever before leaders to rise fast and fall faster. Leadership can be for everyone. The age of positional leaders is gone. Now we see the rise of the right leaders, the servant leaders. There is no more faking. The true colors of leaders are shown faster than ever before. We can now see a leadership revolution happening in North America. Leadership is not a democracy; it is about delivering the right results, helping people to live better lives.
3. A new competitive landscape. The internet is everywhere and so is the competition. Gone are the days that business and individuals competed on a local basis. Location is not as relevant as it used to be. Competition comes fast and furious from the most unlikely places and by big underdogs. An engineer in America no longer competes with American engineers; she competes with Indian, Mexicans, and Brazilian engineers.
4. The growth of self-education. The only way to deal with a high speed of change is to continuously get better, day after day. Education is crucial, the principle based education, since the formal training is no longer sufficient. Information comes and goes, principles endure. The cost of self-education from people with results in life is extremely low compared with the theoretical education from credentialists. Diplomas are fast becoming worthless pieces of paper. The information age is leading us to a renascence in self-education, taking us back to the value of learning from the classics, the arts, history, literature, etc.
5. The importance of morals and ethics. Transparency is a great thing. It is a lot more difficult to hide poor and unethical decisions. The rise of a smarter consumer is putting pressure on businesses to walk the talk. Replacing morals with legality sooner or later will get noticed. Bad behavior information travels a lot faster since people feed on them. The quick get rich schemes are being revealed even quicker. Governments and individuals cannot continue to borrow themselves into prosperity. The rise of the watch dogs and the sheep dogs is a good thing.
6. The importance of community. Reliance on big government is starting to take its toll. Local communities are realizing that they are the ones that must take action to solve their problems. Healthy communities survive the economic ups and downs of nations because individuals know, trust, and rely on each other. The rise of loyal community is a great thing.
7. Environmental and social responsibility. Neglecting our environment is no way to conduct business. Sooner or later we will pay a high price for the harming our environment. Social issues are being brought to surface faster than ever. Leaders must take responsibility for what the watch dogs are telling everyone. The wolves of poverty can no longer feed on their sheep. The huge non-profit industry is starting to be scrutinized. The right ones with stay in business and they will learn how to operate like a business, with results and deliverables. Giving is a way to disable people. Education is the only way to get people out of poverty so they can live a life with dignity.
Be blessed and be a blessing to others.
Carlos Fontana, President of Phalanx
Co-author of the book Follow to Lead (The 7 Principles to Being a Great Follower)
Author of the book PRICELESS (Sixty-Six Simple Stories of Reflection, Love, and Legacy)